China's economy grew 4.9 per cent in July-September from the year earlier, slower than the 6.3 per cent expansion in the second quarter.
On a quarter-by-quarter basis, GDP grew 1.3 per cent in the third quarter, accelerating from a revised 0.5 per cent in the second quarter and above the forecast for growth of 1 per cent. Growth of retail sales, a gauge of consumption, also beat expectations, rising 5.5 per cent last month, and accelerating from a 4.6% increase in August. Analysts had expected retail sales to expand 4.9 per cent.
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